IOSList Daily - May 22, 2024
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NEWS ROUNDUP
ACQUISITION: Triten acquires 5 acre low-coverage site in DFW. Triten Real Estate Partners has purchased 3701 Dalworth Street in Arlington, Texas. Leased by Sunbelt Rentals. The Triten deal team included David Shipman .
ACQUISITION: Alterra buys 10.13 acre IOS in Shakopee, MN for $6.1M. Alterra Property Group has purchased 550 Valley Park Drive in Shakopee, Minnesota for $6.1 million, or $602,172 per acre.
FINANCING: pbb provides Realterm with 63M euro credit facility. Deutsche Pfandbriefbank (pbb) has provided Realterm with a pan-European credit facility of 63 million euros — roughly US$68 million secured by Realterm’s portfolio of 14 properties in 4 European countries.
LEASE SIGNED: Colliers leases 2 IOS sites in Indianapolis, IN. A Colliers team led by Korey Ryan, SIOR repped the landlord in the leasing of 2341 South West Street in Indianapolis, Indiana. Korey’s team also represented the landlord in leasing 3841 West Morris Street in Indianapolis. The 1.14 property includes a 12,890 SF building.
LEASE SIGNED: L&A brokers lease of 12 acre IOS in Spartanburg, SC. Lee & Associates Greenville / Spartanburg has brokered the lease of 150 Access Road in Spartanburg, South Carolina. The deal team included Jordan Skellie, SIOR , Kevin Bentley, SIOR , Elledge Willis , Eric Scardo , Justin Bentley , and Jeremy McPeters . The site was recently purchased by K2 Real Estate Capital and covered in IOSList.
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IOS FOR SALE
$1,650,000 - Kansas City, KS - 5.68 acre IOS
Info: LINK
Brokers: Scott Bluhm, SIOR Hugh Riley, CCIM
$525,000 - Ecorse, MI - 10.02 acre IOS
Info: LINK
Brokers: Berge P. Avesian Jr. Joe Royer
$2,800,000 - Port Charlotte, FL - 9.3 acre IOS
Info: LINK
Broker: Gary Barlow
IOS FOR LEASE
$5.00/sf NNN: West Palm Beach, FL - 5.2 acre warehouse + IOS, divisible
Info: LINK
Broker: Paul Stern 917-912-1200 or [email protected]
$5.51/sf/yr: Dulles, VA - 1.79 acre IOS
Info: LINK
Broker: Chase Stewart
$9.60/sf/yr: Long Beach, CA - 2.09 acre IOS
Info: David Noriega at 562-395-3229
ONE MORE THING
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